3. Prepare the necessary journal entries using a job order cost system for job 222 M a. raw materials used in production $ 50,000. b. direct labor used in production and paid $ 57,000. c. manufacturing overhead applied to job $ 63,000. d. WIP transferred to finished goods inventory $ 122,000. e. finished goods sold for $ 250,000 on account with a cost of $ 99,000. 4. a. calculate the manufacturing overhead rate given an annual budget for manufacturing overhead of $ 6,000,000 and a cost driver using direct labor dollars of $5,000,000. 4. b. calculate the manufacturing overhead applied for job 106Q given direct labor dollars of $ 467,000 and a manufacturing overhead applied rate of $ 1.35 for each direct labor dollar